Paps pre open prep - Trading Journals | futures io social day trading
futures io futures trading


Paps pre open prep
Updated: Views / Replies:20,322 / 393
Created: by paps Attachments:306

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 306  
 
Thread Tools Search this Thread
 

Paps pre open prep

  #61 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

pos all closed before rth close...last was increased from 10 to 15cnts basis 2085.

reality check.... serious bad habit...

ended ...a - 200 or-300$ at -6.2k... rather stupid...this is not trading as pointed out earlier by @Big Mike.

a fine line between a slip and the lip....but if not understood and crossed...this will never be correct. have in the past given away 6months and multiple month gains in single trade....
reason:- could not accept being wrong.... the theory went away at the heat of the moment of market being right & cut loss. how better to sum up have no idea. the trade was all in the wrong direction & adding meant could not take the opposite pos.

same pattern and habit...still exists. if this cannot be resolved...trading ES intraday is not a option. Equities is rather better. its hard to admit this....but if cannot be honest in ones journal....

well guess need to button up.... this is serious

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to paps for this post:
 
  #62 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

analysis of what is/went wrong:-

deep introspect of what happened... w/o this it is futile. A trade can make $/loose $. If the edge works great...if not cut..cut can be 6-8pts way...but cut..dont move yr cut stop actual or mental. I did not cut. One can have the best market tools and still loose as a trader if pysy is not controlled and ruled by emotions during discretionary trading. Disc trader does not have the luxury of automation to cut out.

anyways had gotten into 1car pos ES 7/23 approx 2108. EOD it was at 5cars basis 2098approx. No biggie was the thought..infact was +$s at EOD ATH on 7/23 and thought shucks i was right. Here comes the falsies associated with the thought and mind. Remember market always typically gives a 1 opportunity to cut or minimize maybe intra day or ATH...maybe a 1car would have been $ loss at 800 0r 500$ cit at the correct time. ATH went to 2104s and his majesty did not cut as he was right.

could have closed trade ATH...being wrong and still ending plus. That did not happen. Here is where the mind #(*#*#'s up. Looked at EOD data and saw there were no indications of a strong run up...and hence thought it could go either ways and maybe was not interpreting data & hence market could still go up w/o any hard data in hand. Well markets do not wait for anyone like TIME.

the ability of cutting one's pos if not able to read context or if context is wrong is the correct approach. its not just capital loss...it can be a pysc barrier when one looses big. Should never let that happen.

well its a lesson learnt too many a times. Anyways monday is a fresh start. Will be out next mid wk & will keep stuff in mind (cut n get out of the way...listen to your charts...not yr head)....and get prepped and stay in context. learn and learn....dont rinse and repeat. Tell mind to take a walk....dont engage in a conversation with it on what can/may happen if it is not.

cheers n thnx all

Reply With Quote
The following user says Thank You to paps for this post:
 
  #63 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

Is this 2nd Nature


I do believe that Luck plays a tremendous part in life and so also in trading.

However also believe that one can do something when it is 2nd nature. Trading w/o thinking of profit or loss....Just Validation of Strategy is needed to ensure success or to validate if wrong.
It is like driving...... a good driver can make a small mistake...but if careful it is 2nd nature. Anyways will validate this.....& have started the journey. Time will tell and need to put some serious effort.

Always had a dream of being able to do Pull Ups. Researched and saw there are 3 types:-
1) Pullups - Targets Back 2) Chinups - Biceps 3) Neutral Grips - Biceps & some part of the back LATs.

So started on the journey a month and a half back...stopping by trying to do when i pass under my door.
Strangely on last Friday i saw i could do Neutral Grips from complete dead hang. Then tried Chinups complete dead hang.
Almost there at a Pullup complete dead hang. Guess in couple of months can do multiple reps.
What helped...not thinking if i can do these but kept targeting the muscles...one day voila. A month and a half seems darn good progress.

Coming back to trading....guess need to make it similar 2nd nature with understanding of broad market context coupled with certain events of players left in the sand which am at this moment in time thinking can be read. Needle in a hay stack but if you can find it....it confirms basis of a entry / exit after enough samples.

Started trading a while back with darn good success rate. Introspection ...trading of Two charts/One Screen/ Two Indicator...a small laptop. Voila acct increased went crazy monitors & equipment. Looked at different stuff. Info overload and context lost. Why did the 1st 1 screen work---coz if it did not i did not wait to cut losses. It was something mechanical the trade made money fine...if it did not move to the next. Probabilities and emotions worked to my advantage. All i knew then was support/resistance. Nothing else. That too by trading only 2 hrs as have a ft job.

well guess KISB was always good. Keep It Simple Baby. Anyways have more knowledge on ES but still lot of work to be done. Wont be away from the markets will however stick to SIM. Doesnt make sense applying real $s if SIM track if messed up. Goal to be in the markets in next 2months with context & good risk management trading the 1st few hrs. Will see if this is a dream or can actually achieve it of trading ES by it becoming 2nd nature. But have strong conviction am in company of many great traders by way of the forum. This will be realized by hard work.

cheers n only best


Last edited by paps; July 27th, 2015 at 11:03 AM. Reason: typos and add
Reply With Quote
 
  #64 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

learn and observe with an open mind - no bias...do what market does

just an observer...no trades even SIM off. Short term and long term being looked at.

looking at where am going wrong with Risk...rather how to limit risk and discipline.

notes to self
a- anyways note 7/28...pls check what happened to the Dogs of the Dow ...why did all the other stuff get taken up... check to see what is effect in next 2-4 days.
b- check on conditions on 7/27 Early AM...
c- 7/27 - chk alpha's/beta-risk getting into fomc and following week ...chk volumes EOD match the moves

now lets do the squiggles... more often than not since based of MAs should keep in the right end of the trend

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #65 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

study and see if makes sense...or let me keep to the side for now

for my ref...in time... and study nh/nl ratios in coming days...does one day change all from futures perspective...keep alpha chk

also chk on whatsup with dow

09
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


11
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


13
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


14
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


15
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to paps for this post:
 
  #66 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

looking at controlling risk in volatile periods. still on SIM. but think the strategy i will apply going forward is while buying it will be SPY. While selling it will be ES. Reasoning very simple cannot afford ES turning back on me during catastrophic events. Positions of 500 SPY if even it turns due to very sudden news will not be catastrophic whereas ES will wipe me out.

Went short SPY to see how it feels and looks took a small loss...Went long SPY....out of Long pos....with a small profit...as compared to if trading ES. But will stick to my rules....

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #67 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

gave back....no p/l day...did not take when market gave opportunity

still messy ----- what else to say.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to paps for this post:
 
  #68 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,528 since Nov 2011
Thanks: 4,417 given, 2,258 received


paps View Post
for my ref...in time... and study nh/nl ratios in coming days...does one day change all from futures perspective...keep alpha chk

also chk on whatsup with dow

09
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


11
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


13
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


14
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


15
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I think Im doing something similar but with a chart. I added together IQFeed's 52 Week New High New Low for entire stock market from 3 Indexes IQFeed has for NYSE, NASDAQ and NYSE AMEX and I plot it under SP500 cash......

Same chart just the one is zoomed in......... looking for large spikes up/down

Let me know if this is related to what you are doing here please.....
Ron

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #69 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary

@Blash Ron it is similar where you base of the entire market and I have individual markets running with volume. Only thing I get into volume more which I did not share.

I based and expanded off the studies of Chris Perruna which i had thought was interesting Market Tops Take Time to Form

thnx

Reply With Quote
 
  #70 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,484 since Oct 2011
Thanks: 1,906 given, 1,233 received
Forum Reputation: Legendary


Posting some stuff which I do look at for the long term. In the past there were correlations across indices when serious S*&t happened and was a bearing to come. I do look at volume correlation also...only some of the readings may have not applied to while trading ES so will not post it. It however is my bread n butter while looking at longterm.

Not that it cannot happen....but hopefully distribution will show up someplace for early headsup if i am looking into equities long term...the readings go haywire for any non market events....else long term stuff so far has been steady looking into post 07 era.

NYSE
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

AMEX
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

NAS
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Russ
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


anyways back to ES. Dont have time to trade...so my analysis on where am going wrong. Get in and since no time..do not monitor or whatever and pos goes against me + no Discipline. Well on SIM so no skin in the game. Well not entirely true....have lost big in the past due to foolish habits more than what some people make or can afford to loose. That could have actually been donated and improved someones life are my thoughts if not mine.

anyways will not go live...till can make ES SIM profitable as the thoughts and the style is exactly the same while trading live. If cannot be profitable on SIM...no chance on live. Will have skin in the game a diff type(lol...maybe no wine or dinner kind of stuff)..so that a loss is not put away without feeling it. giving myself 6-10months to ensure consistency.

The dream is to be able to get into ES fulltime in next 3yrs....will work towards the same knowing that maybe will have only 2 hrs to be on SIM max in the mornings.

nothing to loose at this point....only to gain.... so am going to try a few things....but mostly stick to basics.

Reply With Quote
The following user says Thank You to paps for this post:

Reply



futures io > > > Paps pre open prep

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Opening Breakouts and Reversals w/Al Brooks

Elite only
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
DTs Pre Market Prep DionysusToast Trading Journals 1100 Today 02:58 AM
Do you have a backup or pre-disaster strategy arjfca Tech Support 6 March 1st, 2012 04:31 AM
S&P pre market movers aquarian1 News and Current Events 0 January 3rd, 2012 08:08 AM
Volitility indicator question - Open - Open / open - close / close to open andresimon NinjaTrader 2 September 27th, 2010 12:33 AM
Any Palm Pre owners? Big Mike Off-Topic 1 June 18th, 2009 07:27 PM


All times are GMT -4. The time now is 07:33 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-17 in 0.08 seconds with 19 queries on phoenix via your IP 23.20.120.3